1,883 Shares in Honeywell International Inc. $HON Acquired by Coordinated Financial Services Inc.

Key Points

• Coordinated Financial Services Inc. acquired 1,883 shares of Honeywell International, valued at approximately $439,000, according to their 13F filing with the SEC.
• Wall Street analysts have mixed sentiments on Honeywell International, with target prices ranging from $220.00 to $271.00, establishing a consensus rating of "Moderate Buy."
• Honeywell announced a quarterly dividend increase to $1.19 per share, with an annualized yield of 2.3%, set to be paid on December 5th.

Coordinated Financial Services Inc. acquired a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,883 shares of the conglomerate's stock, valued at approximately $439,000.

Several other institutional investors have also recently bought and sold shares of the stock. Moseley Investment Management Inc. raised its position in Honeywell International by 1.4% in the 2nd quarter. Moseley Investment Management Inc. now owns 9,457 shares of the conglomerate's stock worth $2,202,000 after purchasing an additional 133 shares during the last quarter. Horizon Bancorp Inc. IN raised its position in Honeywell International by 7.2% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 978 shares of the conglomerate's stock worth $228,000 after purchasing an additional 66 shares during the last quarter. IFP Advisors Inc raised its position in Honeywell International by 43.3% in the 2nd quarter. IFP Advisors Inc now owns 23,739 shares of the conglomerate's stock worth $5,831,000 after purchasing an additional 7,168 shares during the last quarter. Callan Family Office LLC raised its position in shares of Honeywell International by 73.1% during the 2nd quarter. Callan Family Office LLC now owns 14,778 shares of the conglomerate's stock valued at $3,442,000 after acquiring an additional 6,241 shares during the last quarter. Finally, Boomfish Wealth Group LLC raised its position in shares of Honeywell International by 3.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 7,690 shares of the conglomerate's stock valued at $1,791,000 after acquiring an additional 276 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $230.00 to $220.00 and set an "equal weight" rating for the company in a research report on Monday. Royal Bank Of Canada dropped their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Honeywell International in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Honeywell International from $268.00 to $271.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target of $251.80.

Honeywell International Price Performance

Shares of HON stock opened at $204.23 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a market capitalization of $129.67 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $214.45 and a 200-day moving average of $217.28.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Monday, December 11th. The conglomerate reported $2.25 earnings per share for the quarter. The firm had revenue of $8.95 billion during the quarter. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Honeywell International's previous quarterly dividend of $1.13. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

Insiders Place Their Bets

In related news, CEO Lucian Boldea sold 42,149 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the transaction, the chief executive officer directly owned 10,334 shares of the company's stock, valued at approximately $2,289,807.72. This represents a 80.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company's stock.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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